According to SamMobile, the Korean manufacturer is going to invest the highest amount of money in R&D in its history. The company will invest up to $678 million this year. The electric vehicle era has come. And Samsung SDI is going to leave a big footprint there.

Also Read: Lenovo Smart Electric Scooter M2 goes official with the starting price of 1699 Yuan

If looking at the previous reports, Samsung SDI invested $424 million in 2017, $508 million in 2018, and $601 million in 2019. Thus, the company’s investment for research and development rose 60% in just three years. By the way, Samsung SDI has already invested $347 in R&D this year. But it’s been done in 7-8 months. And almost an identical amount will be invested in 3-4 months.

However, as said, this is not about smartphones. The manufacturer is working on its own electric vehicle battery business as the growth engine for the future. So it’s not surprising to know most of its R&D investments have been used in the development of next-generation batteries for electric vehicles. At the moment, the company is going to mass-produce fifth-generation batteries that have 88 percent nickel content based on high-nickel cathode material. Due to the research and development work done previously, this battery offers a longer range and lower cost compared to previous generation batteries.

Samsung SDI

Back in 2016, Samsung SDI brought a battery that offered up to 600km of range for electric cars. In 2017, it displayed a battery that provided a range of up to 500km after just 20 minutes of charging. And now, the company is going to bring a new battery, which should become a game-changer.

Argam Artashyan

By Argam Artashyan

Back in 2010, he was dismissed from his position as a lecturer at the university. This made him get another job at his friend’s digital marketing company as a blog writer. After a few years, when he was thinking the article writing is his mission, Google pushed the Panda update and affected the company and websites he was working at. (Un)fortunately and surprisingly, he got an offer to head a large knitting factory. In 2016, he got his Ph.D. and resumed teaching at the University … and writing tech-related articles following his passion.